Shares of BitMine, where tech billionaire Peter Thiel is the top investor and whose chairman is Fundstrat's Tom Lee, advanced 5.3%. Other ether holding firms Bit Digital, BTCS and SharpLink Gaming climbed between 3.1% and 12.6%, respectively.

President Donald Trump signed the first federal bill to regulate stablecoins, hailing it as a “giant step to cement American dominance of global finance and crypto technology” and delivering a major victory for the digital asset industry.

House Republicans promoted this week as the latest step for the U.S. to become the “crypto capital of the world.”